Full Description

Xerox Corporation (Xerox) is engaged in developing, manufacturing, marketing, servicing and financing a range of document equipments, software, solutions and services. Digital systems include printing and publishing systems; digital presses, advanced and basic multifunctional devices (MFD’s), which can print, copy, scan and fax; digital copiers; laser and solid ink printers, and fax machines. The Company provides software and workflow solutions with which businesses can print books, create personalized documents for their customers, and scan and route digital information. Xerox also offers software, support and supplies, such as toner, paper and ink. The Company operates in three business segments: production, office and other. During the year ended December 31, 2008, the Company completed the acquisition of Veenman B.V. (Veenman) and Global Imaging Systems, Inc. (GIS).

Veenman is an independent distributor of office printers, copiers and multifunction devices serving small and mid-size businesses. GIS acquired Saxon Business Systems, an office equipment supplier with offices throughout Florida and three smaller acquisitions: Better Quality Business Systems, Precision Copier Service Inc. DBA Sierra Office Solutions and Inland Business Systems of Chico.

Production

The production segment provides digital monochrome and color systems designed for customers in the graphic communications industry and for large enterprises. These devices enable digital on-demand printing, digital full-color printing and enterprise printing. The Company provides a range of cut sheet monochrome production systems from 65 to 288 pages per minute (ppm), color production systems from 40 to 110 ppm and a complete line of continuous feed printers from 250 to 1,064 ppm. In addition, the Company offers a range of pre-press and post-press options and the industry’s broadest set of workflow software. The products manufactured by the Company include ProfitAccelerator, Xerox FreeFlow Process Manager, Xerox FreeFlow Variable Information Suite, FreeFlow Print Server, FreeFlow Express to Print, Xerox iGen4 Digital Production Press, Xerox 700 Digital Color Press, Xerox DocuColor 5000AP, Automated Color Quality Suite, Xerox 490/980 Color Continuous Feed Printing System, Xerox 650/1300 Continuous Feed Printing System, Xerox Nuvera 288 Digital Perfecting System and Xerox Nuvera 100/120/144 EA Digital Production Systems.

Office

Xerox develops and manufactures a range of color and black-and-white multifunction, printer, copier and fax products. The office segment serves global, national and small to mid-size commercial customers as well as government, education and other public sector enterprises. Office systems and services, which include monochrome devices at speeds up to 95 ppm and color devices up to 70 ppm, include the family of CopyCentre, WorkCentre and WorkCentre Pro digital multifunction systems, Phaser desktop printers and MFD’s, as well as DocuColor printer/copiers for the needs of graphic intensive organizations and facsimile products. The Company offers a range of services and solutions in partnership with independent software vendors that allow the customers to analyze, streamline, automate, secure and track their digital workflows. The products manufactured by the Company's office segment include Phaser 6125, Phaser 3635 MFP, Phaser 5550, WorkCentre 5016/5020, WorkCentre 5222/5225/5230, WorkCentre 5600 Series, WorkCentre Bookmark 40/55 Multifunction Copier/Printer, WorkCentre 7346 Multifunction Printer and EFI Workflows, Xerox 700 Digital Color Press, Workcentre 4260 and Phaser 3300 MFP.

Other

The Other segment primarily includes revenue from paper sales, value-added services, wide-format systems and GIS network integration solutions and electronic presentation systems. In 2008, the Company launched The Xerox 8254E and 8264E Wide Format Printers and The Xerox 6279 Wide Format Printer.

The Company competes with Canon, Ricoh, Hewlett-Packard, Pitney Bowes, Kodak, Oce, Konica-Minolta and Lexmark.